JPMorgan Chase dropped its effort to sell the landmark lower Manhattan office tower, One Chase Manhattan Plaza, after receiving insufficient bids, according to a person familiar with the offering.

The 60-story skyscraper, built by former Chase Chairman David Rockefeller, was one of 23 office properties JPMorgan wanted to sell. The remaining properties are still for sale, said the person, who declined to be identified because the process is confidential.

Manhattan office buildings have lost almost 47 percent of their value since peaking in 2007, the most of any major US city, according to data from Concord Group, a consulting firm.

JPMorgan, the biggest US bank by market capitalization, is seeking to sell buildings to pare its real estate holdings. HSBC said last week it planned to sell and lease back its New York headquarters for $330 million to an Israeli businessman.